Talking home prices with Stacia

(DEFAULT)

Episode Transcript

(00:00):
Daisha the Ken from ABC six Foxtwenty eight joining us and looking looking very
spring each Oh thank you. I'mputting out a vibe because the weather is
far more like winter than I wouldprefer. It's cold out there. I
can't take it. I'm like,all right for it. This is a
true spring that we are kind ofexperiencing here in that it's like warm and

(00:24):
then it's cooler and then it's warmer, you know, rather than we're like
cold co co co cold eighty five, which some years, I mean that's
home. You experience that and youlook out your window and the sun will
come out, and you think,oh great, get my sunglasses, maybe
a light jacket, and then yougo outside and you realize, oh no,
no, no, you need thebig girl coat. At least,

(00:45):
that was the conversation I have withmyself. I don't know if you put
on your big girl coat when youleave the I do's it's uh. I
have to use two of them becausethe big girls in my house aren't as
big as me, so I haveto I put one on one. Yeah,
So there it is. You know, Well, it's funny you say
it, because my daughter runs outof the house. Everything I don't know.
What is it about teenagers? Theydon't They're like cod it's like a

(01:08):
dirty word you say to them.What's interesting, too, is she's like,
I don't use my locker at school. Literally, her entire whatever is
in her backpack, which weighs amillion pounds. And I said, honey,
you have an eighteen year old backright now. And I've been saying
this for a few years. Youhave a blah blah blah back right now,
and you don't want it to turnit, you know, prematurely be

(01:29):
humped over and have all these problems. I am not kidding Eustasia. I
bet her backpack weighs upwards of liketwenty five pounds, especially if she's not
using her lock She doesn't. Shesaid, I don't have time to go
between classes to go because the school'sso big, so she can't get to
So today I go, hey,it's thirty four out this morning, and

(01:49):
so she did grab her coat that'sgot on the way out, and I
was like, I turned around andsaw her kind of putting it on.
I go, well, hallelujah,that just tells you how cold it actually
is out there. Well, sheparks far away and has to walk into
the school and they you know howteenagers dressed to the side and you don't
want to have the coat to dealwith. And I totally get that,
but yeah, it's cold out theretoday. Ye I don't know. I

(02:13):
guess it's a teenager thing and it'salso a five year old thing because I
have the same thing with my kids. Same with Stone. Yeah, he's
not interested in the coat. No, Stone's like, hey, can I
wear a sweatshirt? And I'm like, yeah, with the coat over it.
You know, I still have controlover him somewhat. Then he complains,
I'm like, dude, come on, man, you walk down to
the bus stop, which is,you know, a little ways from the

(02:34):
house. I'm like, you standout there, cool, come on dude.
No. Yeah, He's like everymorning though, he's like, can
I just wear a sweatshirt? Andwe once upon a time, maybe two
years ago, we got firmed upby his school because it was a day
that was kind of cold out andhe wore a sweatshirt and they got ahold
of my wife and they said,your son, you need to send him
with a coat. Was this anelementary school or was it in middle school.

(02:57):
I think he may have been likeit might have been I don't know.
Uh, maybe it had to belike second grade then, I guess,
because wow, how old are theyin second grade? He's ten,
so he's in yeah anyway, he'slike eight or something like that. Maybe
I would have told them to mindtheir bleeping business. I wanted to.
My wife stopped me though, She'slike, he has to continue going there,
you pipe down you. I'm like, that's a good point. Whatever.

(03:22):
She's like, you don't want himon that list? Why what's what
the nanny stayed up in all inTANGI I don't know, dude, I
don't know, looking out for akid that they thought needed some they're going
to turn me in I guess,like that's just protective services. They're going
to be like, uh, yeah, you your son doesn't have a coat,
right? Is that right? Andlike, what what are you doing

(03:44):
here? Why? Hand Gestope justcare. They just care. I can't
believe it. Shame on them forcaring. That's the m YB. Mind
your business, my business, mindyou buy, and the Gestapo relaxed.
My kid isn't going to die becausehe didn't wear a coat. H Yeah,
I don't know, man, Iguess I was just like thinking,
like, you guys have bigger fishto fry, don't you stop taking books

(04:06):
away from kids? They have theyhave levees to try to extort more money
out of you and everyone else wholives in the Old and Tangy School district
district conversation right now. If theydidn't just approve one in the fall,
Yeah, well, and that's it. It's like they're hitting us over the
head every every nook and cranny,if you will, or every whipstitch as

(04:28):
uh, you know they some inthe South like to say, but every
whipstitch, they're hitting us over thehead with more We gotta have more money.
You gotta have more money. We'regonna reassess your house. And it's
like, pretty soon I'm gonna beliving in a million dollar house. You
guys keep reassessing it, although itreally isn't. You know, wedn't afford
our neighborhood now if we were lookingfor a house, same with me,
Yeah, same with me. Imean that's where Josh is at trying to

(04:49):
find a house. Really glad webought a house when we did, because
we we wouldn't even be able todrive into our neighborhood. I screwed up
so bad. I should have Ishould have bought a house in two thousand
or twenty twenty or twenty twenty one, because that those houses now that I

(05:11):
could have easily afforded are now fourhundred plus thousand dollars houses, and mortgage
rates are such you I could havebought, and I did the math.
I went back and I was talkinga cup of some people, and I
did the math and I looked atit, for I could have bought a
four hundred thousand dollars house in Marchof twenty twenty one, and my mortgage

(05:31):
would have been thirteen hundred a month. The I mean screwed up. The
interest rates are are I mean mindblowing, and we refinanced in the process.
I'm married to a realtor, sohe's always dialed into those kinds of
things, and so he got usgoing on the refinance. And now you
just look at the interest rates thatare out there now, and it just

(05:53):
looks so different, and how quicklythat changed. I've twenty twenty was not
that long go, I mean partit's to the point now where it's like
I feel like I may never owna home. I may never have that
American dream, and that's just thereality of it. Forget Jerome power where
he is that you might be becauseit's funny. I had that Slady to

(06:15):
go a little bit a little bitlater. But Jerome Powell is saying that
they're not talking about lowering interest ratesanytime soon. And then he said they'll
revisit it again. And I'm like, let me guess you'll revisit it right
before the election, and then you'lllower the interest rates and then you'll be
like yo. I got the thirdlast meeting. They said they were predicting
three cuts this year. Well sofar, no. The next one I

(06:36):
think is in June. I don'thave the article right in front of me,
but I was looking over it earlier, which we'll get into it more
later. They mean every other month. I had a conversation with one of
our producers in the news room.He's a young guy. This is his
second job. He's I think he'stwenty five. He's still like on his
parents' insurance. And I was tellinghim about the first house that Spencer and

(06:59):
I owned. We got married intwo thousand and four, bought a house
that same year, and we boughtit for seventy eight thousand dollars. It
was a three bedroom, two cargarage, working class neighborhood. You know,
we were everybody there was like,you know, got different jobs,
all sorts of things. And hewas he could not believe it. He
was like it, no, youfor sure were living in a shack.
And I'm like, no, no, no, it's just changed so much.

(07:23):
He literally could not process that Iwould have afforded a home for that
amount in recent memory. I meanit was twenty years ago now, but
still that that just sounds like I'mtalking about the nineteen fifties or something like
that. When you go back towhen I was going to high school,

(07:44):
my parents they were in I thinkit was I thought, what is that
eighteen or nineteen hundred square something likethat roughly and forty nine to nine is
what they ended up paying for it. I mean it was. It was
incredibly difficult, yes, and youknow it was a split level. I
mean, I'm still in shock,like what what has happened with Regardless I

(08:05):
get it, it costs more tobuild, you know that all the all
the materials and all of that,but something's out of whack right now,
so something needs to reset, somethingneeds to what is it. There's a
term they I think it's a realtorterm like that. Anyway, if something
needs to, like, you know, reset and get us kind of back
on course here. Do you justthink right now, it just feels hard

(08:26):
to imagine how the pendulum swings theother way that everything feels affordable again,
not just with houses but just ingeneral, the things that we're talking about,
the prices that have gone up,and it does feel hard to believe
that that could happen again. Butthat's just how things work. We'll get
to the other side of that eventually. I don't know what that looks like.

(08:48):
In it aw long, it takeshey switching gears. Let me say,
how good of a job you guysdid the other night. I was
watching for the and you and thewhole gang there and of course Marshall and
then you know, Sarah was there. I saw and we were watching everybody.
Everyone was gathered around the TV.I'm sure you had a lot of

(09:09):
that. And you know, asfar as people gathered around watching everything kind
of unfold and you asking questions toMarshall and going back. I I like
the format. I thought it wasreally good. Oh, thanks, I
thought it was great. It wasIt makes for an incredibly long day for
you and everybody there, especially poorMarshall and all the meteorologists. But Phil

(09:31):
was on with us earlier that dayand Marshall was doing the top at three
o'clock and four o'clock. He wasdoing like jumping on and doing these kind
of and saying, hey, here'swhere we're at, this is where we're
headed. Ya da da da da, And then right in the thick of
it, you guys are doing kindof play by play and hey, what
about this? Marshall, what aboutthat? And that was great because you
don't kind of heave it all juston him and go okay, good luck.

(09:52):
It was but it was good,well, thank you. It was
good. We had some really goodquestions from people or comments because it's a
scary day when you start seeing ingredientslike that in the forecast forming and Josh,
I know you had communicated with Marshalltwo about that, just kind of
the scariness of the day and makingsure that you had a plan for your

(10:13):
family, and we have those conversationswith our families too, And I had
a really lovely question or comment Iguess you could say on Facebook where someone
was like, what about your families? Who's looking out for your families while
you guys are on the air,which I thought was so nice of them
to ask, and to think ofour meteorologists in particular. It's a lot

(10:33):
of planning behind the scenes for aday like that where we know, I
mean, if something flares up andwe have to go into a wall to
wall coverage, You've got to haveeverything squared away. It's not just your
families, but for a lot ofour younger reporters and our folks. It's
cats, it's pets, it's dogs. It's making sure that everybody's squared away

(10:56):
at home for our families too.And you're like, I'm texting my mom
because she's sort of in the areatoo, up there in Akron, and
she's running updates and it's it's ait's a scary day for us too.
Yeah, no question, man,no question. Hey, I'm gonna grab
Matt. Hey, Matt, thankyou for listening. It's your turn.
Welcome to the show. All right. Hey, I was just calling in

(11:18):
to say, uh, Morgan rateswill probably go down, but the demand
will not. There's been you know, ten million people come come into the
United States in the last three anda half years. Uh, they got
a list somewhere, and it's justgonna drive up rental cost, housing costs,
everything. Yeah, no question aboutthat. It's never never going back

(11:45):
the other way. Yeah, thanks, Matt. Yeah, I mean there's
no question about that. With regardto the demand increasing because the population is
increasing, there's no question about that. And I know he's talking about people
entering into the United States, Iwould say buy and large most of them
are not in the market to buya home simply because of the situation that

(12:07):
they're in. But by and large, yeah, you got more people out
there in that pool of people whowant to get a home in Josh's situation
and so on, and kind ofwant to move from the rental market to
the purchase market and all of thebenefits you know that come with it.
So you know, there's there's allthat. There's no question about that.
So yeah, demand's going up,no question in an eight don't. I

(12:30):
don't see it going back the otherway. I do agree with you,
Matt. Traffic